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HẢI PHÒNG STARTS 2 KEY PROJECTS
The northern port city of Hải Phòng started two key projects on Monday with a total investment of nearly VNĐ3 trillion (US$130.5 million) sourced from the city’s budget.
One of the projects is a flyover on Nguyễn Văn Linh Street at the crossroad of Nguyễn Văn Linh-Cầu Rao 2, with an investment of more than VNĐ1.4 trillion ($60.9 million). It has a length of nearly 290m and a width of 19m.
The flyover, scheduled to be completed in 2019, is expected to connect the city centre with National Highway No. 5, Phạm Văn Đồng Street and the south of the city.
It will also be the gateway connecting the city with other provinces through Hà Nội-Hải Phòng Expressway and coastal expressway as well as reduce the traffic flow on Cầu Đất-Lạch Tray-Cầu Rào route.
The city’s People’s Committee also started a project of renovating Tam Bạc River (section running from Lạc Long Bridge to Tam Bạc Park), with an investment of more than VNĐ1.4 trillion.
The works include dredging the river, building reinforced concrete embankments along its banks and renovating pavements along the river.
After the project is completed in 2019, the road along the river bank will become the first pedestrian street of the city.
Being the second-largest city in the north, Hải Phòng aims to play a key role in the development of transport and marine economy in the country as well as be the centre of education, training, healthcare, science and technology in the northern coastal region.
The Vietnam Institute for Economic and Policy Research (VEPR) recently hosted a conference in Hanoi to announce the third-quarter macroeconomic report. Many experts said that Vietnam’s economy has regained its growth momentum and its GDP may expand by 6.8 per cent in 2018.
The Ministry of Industry and Trade (MoIT) forecast that export turnover would touch US$ 239 billion, representing a year-on-year surge of 11.2%, according to the Ministry of Industry and Trade.
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